IN RE CHATEAUGAY CORP.

No. 2224, Docket 92-5055.

973 F.2d 141 (1992)

In re CHATEAUGAY CORPORATION, et al., Debtors. The OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF LTV AEROSPACE AND DEFENSE COMPANY, Appellant, v. The LTV CORPORATION, LTV Aerospace and Defense Company, Vought Industries, Inc. and Vought International, Inc., et al., Appellees.

United States Court of Appeals, Second Circuit.

Decided August 24, 1992.


Attorney(s) appearing for the Case

Max O. Truitt, Jr., Washington, D.C. (William J. Perlstein, Stephen M. Cutler, Gregory S. Lane, Wilmer, Cutler & Pickering, Washington, D.C., Carla E. Craig, Steven M. Schwartz, Hertzog, Calamari & Gleason, New York City, of counsel), for appellant.

Myron Kirschbaum, New York City (Michael J. Crames, Arlene R. Alves, Deborah S. Lewis, Kaye, Scholer, Fierman, Hays & Handler, Davis Polk & Wardwell, of counsel), for appellees.

Carol Connor Flowe, Washington, D.C. (Jeffrey B. Cohen, James J. Armbruster, Pension Ben. Guar. Corp., Office of General Counsel, Charles G. Cole, Sara Hauptfuehrer, Frank H. McCulloch, Steptoe & Johnson, Washington, D.C., William Silverman, Otterbourg, Steindler, Houston & Rosen, New York City, of counsel), for appellee, the Pension Ben. Guar. Corp.

Before: WINTER, MINER and McLAUGHLIN, Circuit Judges.


WINTER, Circuit Judge:

The Official Committee of Unsecured Creditors of LTV Aerospace and Defense Company ("Aerospace Committee") appeals from Judge McKenna's order affirming the bankruptcy court's order of April 21, 1992, authorizing the sale of the aircraft division assets of LTV Aerospace and Defense Company ("Aerospace") pursuant to 11 U.S.C. § 363(b) (1988). We affirm.

BACKGROUND

On July 17, 1986...

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